Small Cap IR - LiveDeal Analyst Update; Acquisition Equals Profitability

Jul 15, 2015, 15:45 ET from Small Cap IR

NEW YORK, July 15, 2015 /PRNewswire/ -- LiveDeal Inc. (NASDAQ: LIVE) a provider of specialized online marketing solutions, recently announced the acquisition of Georgia-based Marquis Industries, Inc., a specialty, high-performance carpet yarn manufacturer, hard-surfaces re-seller, and top 10 high-end residential carpet manufacturer in the United States. Management believes the acquisition will make LiveDeal immediately profitable. In 2014, Marquis's sales reached $60M (unaudited), and it is experiencing a record year in 2015 with nearly an $8m in TTM (trailing 12 months) EBIDTA, based on third-party advisory accounting estimates. The acquisition adds about $35m in assets to LiveDeal's balance sheet, including the latest technology machinery and equipment, and seven parcels of developed real property, totaling nearly 500,000 square feet of state-of-the-art manufacturing and industrial facilities. The company's CEO expects LiveDeal to generate close to $100m in revenue on an annual, consolidated basis and add around $8m in EBITDA to the bottom line as a result of the acquisition.

LiveDeal Inc. provides marketing solutions that boost customer awareness and merchant visibility on the Internet. LiveDeal operates a deal engine, which is a service that connects merchants and consumers via an innovative platform that uses geo-location, enabling businesses to communicate real-time and instant offers to nearby consumers. In November 2012, LiveDeal commenced the sale of marketing tools that help local businesses manage their online presence under the Company's Velocity Local™ brand. LiveDeal continues to actively develop, revise, and evaluate these products and services and its marketing strategies and procedures.

For a more detailed research report with analyst comments and recommendation on LiveDeal please follow the link. There is no cost obligation required to view analyst brief.

Copy and paste to browser may be required.


This report may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of mentioned company to be materially different from the statements made herein.  


Content is researched, written and reviewed on a best-effort basis. This report was prepared for informational purposes only.  Affiliated parties involved with producing and issuing this report have not been compensated in any form by profiled company.  A full disclaimer can be found by viewing the full analyst report. This document, article or report is written and authored by a 3rd party research analyst. However, we are only human and may make mistakes. If you notice any errors or omissions, please notify us below.